Andrew Hanlan, analyst at Westpac, notes that for the Australian economy, export goods prices rose by 4.5% in Q1 2019, exceeding expectations, (market median and Westpac 3.5%). Key Quotes “Import goods prices dipped by 0.5% in March on a pull-back in global fuel prices, largely as we anticipated (Westpac -0.8% and market median +0.4%).” “As a result, the terms of trade for goods strengthened by 5.0% in the opening quarter of 2019. That has the terms of trade for goods 10% above a year ago, almost 40% above the low of 3 years ago and at a seven year high.” “Commodity price strength is likely to see the terms of trade rise further in the June quarter. However, moving through the second half of 2019 and into 2020, we expect commodity prices to moderate from current elevated levels as supply responds.” “Importantly for Australia, higher commodity prices and a rising terms of trade is driving above trend growth in national income – with nominal GDP growth at 5.5% in 2018.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next EUR/USD: Focus on US GDP, US dollar vulnerable to sell the fact trade FX Street 4 years Andrew Hanlan, analyst at Westpac, notes that for the Australian economy, export goods prices rose by 4.5% in Q1 2019, exceeding expectations, (market median and Westpac 3.5%). Key Quotes "Import goods prices dipped by 0.5% in March on a pull-back in global fuel prices, largely as we anticipated (Westpac -0.8% and market median +0.4%)." "As a result, the terms of trade for goods strengthened by 5.0% in the opening quarter of 2019. That has the terms of trade for goods 10% above a year ago, almost 40% above the low of 3 years ago and at a seven year high."… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
